bankruptcy
/ˈbæŋkrʌptsi/ (bre, ipa) · /ˈbæŋkrʌptsi/ (ame, ipa) · /ˈbaŋk-(ˌ)rəp(t)-sē/ (ame, mw)
bankruptcy — noun
1. an officially recognised condition where a company or individual cannot pay back
an officially recognised condition where a company or individual cannot pay back what they owe, and a court takes charge of dividing whatever is left among the people they owe money to.
After three bad harvests, Mr. Lin's small bakery was forced into bankruptcy.
force into bankruptcy
The airline filed for bankruptcy last March and stopped selling tickets the next day.
file for bankruptcy
Rising rents pushed many small shops in the night market close to bankruptcy.
Sofia hired a lawyer to help her declare personal bankruptcy after losing her job.
Two big banks faced bankruptcy in 2008, and the government stepped in to save them.
- insolvency
more technical; refers to the financial state of being unable to pay debts, with or without a court process
- liquidation
the actual process of selling a failing company's assets to pay creditors
- ruin
less formal and more emotional; covers wider personal and financial collapse
- solvency
the state of being able to pay all debts when they are due
文法句型
file for bankruptcy
declare bankruptcy
用法筆記
Often appears with verbs like 'file for', 'declare', 'face', or 'be forced into'. Subject is typically a company, bank, or individual debtor; the term is the legal label for the condition, not the act of going broke in casual speech.
常見錯誤
2. a complete absence of a valued quality such as honesty, fresh thinking, or moral
a complete absence of a valued quality such as honesty, fresh thinking, or moral standards, often used to criticise a person, group, or system.
Senator Lopez condemned the leaked memo as showing the moral bankruptcy of the previous administration.
moral bankruptcy
The same tired slogans every week revealed the intellectual bankruptcy of the campaign team.
intellectual bankruptcy of [group]
Long-time subscribers complained that The Weekly Voice's recent issues showed a bankruptcy of fresh ideas.
Father Tomas spoke about the spiritual bankruptcy of a life spent only chasing money.
文法句型
bankruptcy of [abstract noun]
moral / intellectual bankruptcy
用法筆記
Almost always preceded by an abstract modifier (moral, intellectual, spiritual, creative) or followed by 'of + abstract noun'. Distinguish from sense 1: this sense never refers to money — 'moral bankruptcy' describes a lack of values, not finances.